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An iPod is 20 cm in front of a flat mirror. You see the reflected image and must refocus your eye, perhaps even take off your eyeglasses, because
Encumbrance System
A financial accounting system that tracks commitments made against budgeted funds before actual expenditures are recorded.
Purchase Order
A formal document issued by a buyer to a seller, detailing the products or services ordered and the agreed-upon prices.
Accounts Payable
Liabilities of a business that are due to suppliers and creditors for goods, services, or supplies purchased on credit but not yet paid for.
Restricted Fund Method
An accounting approach used for reporting funds that have restrictions placed on them by donors or grantors.
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